Shell Midstream Partners, L.P. (SHLX) Financial Statements (2023 and earlier)

Company Profile

Business Address 150 N. DAIRY ASHFORD
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 360320289208138122
Cash and cash equivalents 360320289208138122
Receivables 564141484129
Prepaid expense 26241615136
Other undisclosed current assets 2391313129
Total current assets: 465394359284204165
Noncurrent Assets
Finance lease, right-of-use asset  16 ✕✕✕
Operating lease, right-of-use asset 344✕✕✕
Property, plant and equipment 1,344699726742737398
Long-term investments and receivables 9741,013926823425302
Long-term investments 9741,013926823425302
Regulated entity, other noncurrent assets  2 3  
Other noncurrent assets 22232 
Other undisclosed noncurrent assets (470)217259  
Total noncurrent assets: 1,8531,9531,6601,6301,163700
TOTAL ASSETS: 2,3182,3472,0191,9141,367866
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 15151717177
Accounts payable 455442
Accrued liabilities 11101213136
Deferred revenue 24 ✕✕✕
Debt 111   
Due to related parties 41716109125
Deferred revenue and credits✕✕✕✕✕1914
Contract with customer, liability✕✕✕✕8✕✕
Other undisclosed current liabilities 5446181875
Total current liabilities: 4898246525531
Noncurrent Liabilities
Long-term debt and lease obligation 272828252425
Finance lease, liability 232424✕✕✕
Capital lease obligations✕✕✕✕252425
Operating lease, liability 444✕✕✕
Liabilities, other than long-term debt 2,2952,6952,6942,0911,853690
Deferred revenue and credits✕✕✕✕✕32
Deferred revenue 332✕✕✕
Asset retirement obligations     71
Due to related parties 2,2922,6922,6922,0911,844686
Other undisclosed noncurrent liabilities    3  
Total noncurrent liabilities: 2,3222,7232,7222,1181,878714
Total liabilities: 2,8112,8052,7682,1711,932746
Stockholders' equity
Stockholders' equity attributable to parent (8)(9)(8)   
Accumulated other comprehensive loss (8)(9)(8)   
Other undisclosed stockholders' equity (485)(449)(741)(257)(566)120
Total stockholders' equity: (493)(458)(749)(257)(566)120
TOTAL LIABILITIES AND EQUITY: 2,3182,3472,0191,9141,367866

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 556481503525470291
Revenue, net✕✕✕✕✕ 291
Cost of revenue (267)(257)(210)(201)(156)(76)
Gross profit: 289224293324314216
Operating expenses (57)(55)(78)(112)(114)(55)
Operating income: 232169215212200161
Nonoperating income
(Other Nonoperating income)		 391457423333224117
Interest and debt expense (82)(90)(92)(61)(29) 
Income from continuing operations before equity method investments, income taxes: 541536546484395278
Other undisclosed income (loss) from continuing operations before income taxes 2720 (2)(3)(12)
Income from continuing operations before income taxes: 568556546483392265
Income tax expense    (0)(0) 
Net income: 568556546482392265
Net loss attributable to noncontrolling interest (12)(13)(18)(18)(19)(21)
Other undisclosed net loss attributable to parent     (77) 
Net income attributable to parent: 556543528464295245
Other undisclosed net loss available to common stockholders, basic  (36)    
Net income available to common stockholders, diluted: 556507528464295245

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 568556546482392265
Other comprehensive income (loss) 1(1)(2)   
Comprehensive income: 569555544482392265
Comprehensive loss, net of tax, attributable to noncontrolling interest (12)(13)(18)(18)(19)(21)
Comprehensive income, net of tax, attributable to parent: 557542526464373245

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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